Volume XV No.VI. A Monthly Publication of the PHILIPPINE STATISTICS AUTHORITY - CORDILLERA ADMINISTRATIVE REGION
June 2015
Price Situation in the Cordillera
Consumer Price Index (CPI)
The Consumer Price Index of CAR in June, 2015 was 139.0, higher by 2.1 from last
year’s 136.9.
Generally, there was an increase in the CPI of all the provinces due to the increase in the
average prices of goods and services.
Table 1. Consumer Price Index by Province, CAR:
June 2014 and June 2015
(2006=100)
Province
June
Index Point
Change
2014
2015
CAR
136.9
139.0
2.1
Abra
130.5
130.6
0.1
Apayao
127.7
129.6
1.9
Benguet
139.1
141.4
2.3
Ifugao
140.8
142.2
1.4
Kalinga
132.3
133.4
1.1
Mt. Province
140.3
146.5
6.2
Among provinces, Mt. Province posted the highest CPI at 146.5 followed by Ifugao, at
142.2 and Benguet at 141.4. On the other hand, Apayao posted the lowest at 129.6.
In terms of index point change, Mt. Province reported the highest at 6.2, brought about by
the almost 10 index point increase in education index.
The Consumer Price Index is the general measure of the change in the average retail
prices of a market basket or collection of goods and services commonly purchased by
the average Filipino household.
CPI SPECIAL RELEASE
PSA - CORDILLERA
2
Table 2. Consumer Price Index by Commodity Group and by Province, CAR:
June, 2015 (2006=100)
Commodity Group
Province
CAR
Abra
Apayao
Benguet
Ifugao
Kalinga
Mt.
Province
All Items
139.0
130.6
129.6
141.4
142.2
133.4
146.5
Food and Non-Alcoholic
Beverages
150.6
139.1
145.7
156.5
149.5
141.2
154.4
Alcoholic Beverages &
Tobacco
187.5
195.4
186.5
190.5
175.6
192.7
170.3
Clothing and Footwear
128.6
139.9
115.8
123.7
145.4
118.9
144.3
Housing, Water, Electricity,
Gas and Other Fuels
130.7
112.2
103.5
143.5
130.9
109.4
129.1
Furnishing, Household
Equipment and Routine
Maintenance of the House
127.6
121.8
113.6
131.7
116.9
132.3
133.6
Health
129.4
119.3
109.7
135.5
113.9
125.7
131.6
Transport
130.3
149.1
115.4
128.0
132.4
143.1
123.5
Communication
83.1
111.3
77.7
79.9
99.1
77.9
86.4
Recreation and Culture
107.4
107.4
115.6
104.7
106.3
113.7
110.4
Education
157.0
146.0
140.9
141.1
170.7
164.6
228.8
Restaurants
and Miscellaneous Goods
and Services
126.8
115.1
132.4
124.9
145.9
128.3
132.9
CPI by Commodity Groups
Among the commodity groups, under Alcoholic Beverages and Tobacco, Abra had
the highest consumer price index at 195.4 followed by Kalinga and Benguet at 192.7
and 190.5, respectively.
Education had a great increase in its index from 147.4 in May to 157.0 this month.
Mt. Province contributed a lot to the increase at 228.8
Food and Non-Alcoholic Beverages came next with Benguet having the most at
156.5 followed by Mt. Province at 154.4.
Communication had the lowest consumer price index. Abra posted the highest index
at 111.3 while Apayao had the lowest at 77.7.
Across provinces, Apayao posted the lowest index except for Food and Non-
Alcoholic Beverages, Alcoholic Beverages and Tobacco, Recreation and Culture; and
Restaurants and Miscellaneous Goods and Services.
By index point change, Education recorded the highest change at 6.6 index. This was
followed by Alcoholic Beverages and Tobacco and Food and Non-Alcoholic
Beverages at 4.6 and 4.0, respectively.
The rest of the commodity groups reported a minimal annual increase in their index
point change. Housing, Water, Electricity, Gas and Other Fuels and Transport had a
negative percent change.
3
Note:
1
includes Household Equipment and Routine Maintenance of the House
2
includes Miscellaneous Goods and Services
Inflation Rate
The Inflation Rate of CAR in May, 2015 was 1.2 percent, lower by 2.5 percentage
points from last year’s Inflation Rate.
Mountain Province posted the highest rate of 2.5 percent, followed by Benguet at 1.9
percent. On the other hand, Kalinga posted the lowest Inflation Rate at -0.4 percent.
June, 2015 Inflation Rate in all provinces is lower compared to last year’s IR. It
showed that the rate of change in the average prices in the provinces is slow in the
decrease in inflation rates. Ifugao and Kalinga had negative inflation rates.
Figure 2. Year-on-Year Inflation Rates by Province, CAR:
June, 2014 and June, 2015
(2006=100)
Figure 1. Year-on-Year Consumer Price Index by Commodity Group,
CAR: June, 2014 and June, 2015
(2006=100)
136.9
146.9
182.7
126.0
131.6
126.7
128.8
132.4
83.1
107.1
145.8
124.2
139.0
150.6
187.5
128.6
130.7
127.6
129.4
130.3
83.1
107.4
157.0
126.8
0
50
100
150
200
All Items
Food & Non-
Alcoholic Beverages
Alcoholic Beverages
& Tobacco
Clothing &
Footwear
Housing,
Water,Elec., Gas &
Other Fuels
Furnishings1
Health
Transport
Communication
Recreation and
Culture
Education
Restaurant2
June 2014 June 2015
3.6
3.2
4.2
4.1
2.6
2.5
3.5
1.5
0.1
1.5
1.7
1.0
0.8
4.4
-0.5
0.5
1.5
2.5
3.5
4.5
5.5
CAR Abra Apayao Benguet Ifugao Kalinga Mt.
Province
June 2014 June 2015
-2.1
11.2
-0.9
4
By Commodity Group, Year-on-Year
The annual inflation for All Items in the Cordillera was 1.5. Among the regions, CAR
had the higher annual gains.
By commodity, the year-on-year growth of the heavily-weighted Food and Non-
Alcoholic Beverages index in the Cordillera was 2.5 percent. Alcoholic Beverages
and Tobacco, Education and Recreation and Culture increased in their inflation rates.
Clothing and Footwear, Furnishing, Household Equipment and Routine Maintenance
of the House, and Restaurants and Miscellaneous Good and Services decreased in
their inflation rates. Health and Communication and indices remained compared to
the previous years’ indices. Housing, Water, Electricity, Gas and Other Fuels and
Transport had a negative index although it increased in its inflation rate.
Table 3. Year-on-Year Inflation Rates by Commodity Groups,
CAR: June 2015 and May 2015
(2006 = 100)
Commodity Group
Inflation Rates
June
May
All Items
1.5
1.2
Food and Non-Alcoholic Beverages
2.5
2.7
Alcoholic Beverages & Tobacco
2.6
2.5
Clothing and Footwear
2.1
2.5
Housing, Water, Electricity, Gas and Other Fuels
-0.7
-1.8
Furnishing, Household Equipment
& Routine Maintenance of the House
0.7
0.8
Health
0.5
0.5
Transport
-1.6
-1.9
Communication
0.0
0.0
Recreation and Culture
0.3
0.2
Education
7.7
4.7
Restaurants and Miscellaneous Goods and Services
2.1
2.6
5
By Commodity Group, Month-on-Month
In the region, the inflation rate for All Items was at 0.7 percent during the month that
increased compared to the previous month. The Food and Non-Alcoholic Beverages
index increased at 0.3 percent. There was no change in the inflation rates for Health
and Communication commodity groups.
Table 4. Month-on-Month Inflation Rates by Commodity Groups,
CAR: June 2015 and May 2015
(2006 = 100)
By Food Items, Year-on-Year
Generally, for the year-on-year inflation rates of selected food items for the region,
there was decrease for some food items. There was an annual increase in the other
food items. Fruits index resulted in a two-digit value with 1.7 increase in its inflation
rate from 12.2 to 13.9%.
Other Cereals remained in its inflation rate.
Commodity Group
Inflation Rates
June
May
All Items
0.7
-0.3
Food and Non-Alcoholic Beverages
0.3
-0.3
Alcoholic Beverages & Tobacco
0.2
0.1
Clothing and Footwear
0.0
0.1
Housing, Water, Electricity,
Gas and Other Fuels
0.5
-0.8
Furnishing, Household Equipment
& Routine Maintenance of the House
0.1
0.0
Health
0.0
0.0
Transport
0.3
0.2
Communication
0.0
0.0
Recreation and Culture
0.1
0.0
Education
6.5
0.0
Restaurants and Miscellaneous
Goods and Services
0.1
0.1
6
Table 5. Year-on-Year Inflation Rates of Selected Food Items,
CAR: May and April 2015 and 2014
(2006 = 100)
*Includes flour, cereal preparation, bread, pasta and other bakery products
Purchasing Power of the Peso (PPP)
The value of the peso in CAR dropped to 72 centavos from last year’s 73 centavos.
Meaning, that market value of goods and services worth 72 centavos in June, 2006
were bought at one peso in June, 2015.
Compared in June, 2014, the Purchasing Power of the Peso of all provinces
decreased, except for Abra that remained in its PPP.
Abra and Apayao had the highest peso value, both at 77 centavos followed by
Kalinga at 75 centavos. On the other hand, Mt. Province had the lowest peso value at
68 centavos.
Food Items
2015
2014
Inflation Rates
June
May
June
May
Current
Previous
Bread and Cereals
151.2
151.1
147.9
147.5
2.2
2.4
Rice
147.0
146.8
143.6
143.2
2.4
2.5
Corn
157.8
157.4
155.5
155.2
1.5
1.4
Other Cereals*
165.5
165.4
162.2
162.2
2.0
2.0
Meat
132.9
132.7
132.7
132.1
0.2
0.5
Fish
165.3
163.9
157.2
156.6
5.2
4.7
Milk, Cheese and Eggs
134.4
134.4
131.8
131.7
2.0
2.1
Oils and Fats
179.3
179.3
177.4
177.2
1.1
1.2
Fruits
188.0
187.2
165.0
166.8
13.9
12.2
Vegetables
157.5
157.2
155.7
155.7
-1.2
1.0
Sugar, Jam, Honey,
Chocolate &
Confectionery
133.6
133.4
130.9
130.3
2.1
2.4
Food Products, N.E.C.
175.3
171.9
166.2
162.2
5.5
6.0
Figure 3. Purchasing Power of the Peso by Province, CAR:
June, 2014 and June, 2015
(2006=100)
0.73
0.77
0.78
0.72
0.71
0.76
0.71
0.72
0.77
0.77
0.71
0.70
0.75
0.68
0.62
0.64
0.66
0.68
0.7
0.72
0.74
0.76
0.78
0.8
CAR Abra Apayao Benguet Ifugao Kalinga Mt.
Province
June 2014 June 2015
7
Consumer Price Index (CPI) is a general measure of the change in the average retail prices of a market basket
or collection of goods and services commonly purchased by the average Filipino household.
Inflation Rate (IR) is the rate of change in the average price level between two periods (year-on year/month-on-
month as measured by the CPI).
Purchasing Power of the Peso (PPP) measures how much the peso in the reference year is worth in another
year.
Base Year (BY) is the reference point of the index number series, at which the index number is set to zero.
Market Basket (MB) is a sample of goods and services used to represent all goods and services produced or
bought.
For more information, please contact:
Mail: PSA - CAR, Regional Office
3/F CTLL Building
141 Abanao Extension, Baguio City
Tel. Nos.: (074) 442-7449
Telefax No.: (074) 443-7763
Email: socd_psacar@yahoo.com
nso-car@pldtdsl.net
nsocar_statistical@rocketmail.com
Explanatory Notes